ACI Worldwide (ACIW) Raised to “B-” at TheStreet
ACI Worldwide (NASDAQ:ACIW) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Thursday.
Several other research firms have also issued reports on ACIW. Zacks Investment Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a report on Wednesday, November 14th. Credit Suisse Group increased their target price on ACI Worldwide from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, September 12th. Finally, BidaskClub lowered ACI Worldwide from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 18th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. ACI Worldwide currently has a consensus rating of “Buy” and an average target price of $30.00.
ACIW opened at $27.16 on Thursday. The firm has a market cap of $3.29 billion, a PE ratio of 26.63, a P/E/G ratio of 2.71 and a beta of 1.28. ACI Worldwide has a 52-week low of $20.23 and a 52-week high of $30.25. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.68.
In related news, CEO Philip G. Heasley sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $29.79, for a total value of $2,979,000.00. Following the sale, the chief executive officer now directly owns 1,302,228 shares of the company’s stock, valued at $38,793,372.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.42% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Cowen Prime Services LLC acquired a new stake in ACI Worldwide in the second quarter valued at about $123,000. First Republic Investment Management Inc. acquired a new stake in ACI Worldwide in the second quarter valued at about $208,000. Cubist Systematic Strategies LLC acquired a new stake in ACI Worldwide in the second quarter valued at about $332,000. Virginia Retirement Systems ET AL acquired a new stake in ACI Worldwide in the second quarter valued at about $424,000. Finally, Tower Research Capital LLC TRC boosted its stake in ACI Worldwide by 1,764.4% in the third quarter. Tower Research Capital LLC TRC now owns 15,363 shares of the technology company’s stock valued at $432,000 after buying an additional 14,539 shares in the last quarter.
ACI Worldwide Company Profile
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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